Attached files
file | filename |
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EX-32.2 - ACCELERATED ACQUISITIONS II INC | v180571_ex32-2.htm |
EX-31.1 - ACCELERATED ACQUISITIONS II INC | v180571_ex31-1.htm |
EX-32.1 - ACCELERATED ACQUISITIONS II INC | v180571_ex32-1.htm |
EX-31.2 - ACCELERATED ACQUISITIONS II INC | v180571_ex31-2.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-K
x Annual Report
Pursuant to Section 13 or 15(D) of the Securities Exchange Act of
1934
for the
fiscal year ended December
31, 2009
o Transition Report
Under Section 13 or 15(D) of the Securities Exchange Act of 1934
for the
transition period from _______________ to _______________
Commission
File Number: 000-53137
REMUDA INVESTMENT
CORPORATION
(fka Accelerated
Acquisitions II, Inc.)
(Exact
name of small Business Issuer as specified in its charter)
Delaware
|
26-2012628
|
|
(State
or other jurisdiction of incorporation or
|
(IRS
Employer Identification No.)
|
|
organization)
|
||
1330
Post Oak Blvd., Suite 1600
|
||
Houston, TX
|
77056
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Issuer's
telephone number, including area code: (713)
975-9602
n/a
Former
address if changed since last report
Securities
registered under Section 12(b) of the Exchange Act: None
Securities
registered under Section 12(g) of the Exchange Act:
Common Stock, par value
$0.0001 per share
Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes
x No
¨
Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-K contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. ¨
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
Large
Accelerated
Filer
¨
|
Accelerated
Filer
¨
|
Non-Accelerated
Filer ¨ (Do
not check if
a
smaller reporting company)
|
Smaller
Reporting
Company
þ
|
Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). x Yes ¨ No
State
issuer's revenues for its most recent fiscal year: $0.00
As of
March 5, 2010, there is no applicable market value for the Company’s Common
Stock.
State the
number of shares outstanding of each of the issuer's classes of common equity,
as of the latest practicable date: 23,500,000 shares of common stock as of March
30, 2010.
TABLE
OF CONTENTS
PART
I
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||
ITEM
1.
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BUSINESS
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3
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ITEM
1A.
|
RISK
FACTORS
|
3
|
ITEM
1B.
|
UNRESOLVED
STAFF COMMENTS
|
3
|
ITEM
2.
|
PROPERTIES
|
4
|
ITEM
3.
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LEGAL
PROCEEDINGS
|
4
|
ITEM
4.
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SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS
|
4
|
PART
II
|
||
ITEM
5.
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MARKET
FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
|
4
|
ITEM
6.
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SELECTED
FINANCIAL DATA
|
5
|
ITEM
7.
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MANAGEMENT’S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATION
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5
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ITEM
7A.
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QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
7
|
ITEM
8.
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FINANCIAL
STATEMENTS AND SUPPLEMENTARY DATA
|
7
|
ITEM
9.
|
CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
|
17
|
ITEM
9A(T).
|
CONTROLS
AND PROCEDURES
|
17
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ITEM
9B.
|
OTHER
INFORMATION
|
18
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PART
III
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||
ITEM
10.
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DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
|
18
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ITEM
11.
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EXECUTIVE
COMPENSATION
|
19
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ITEM
12.
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SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS
|
19
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ITEM
13.
|
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE
|
20
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ITEM
14
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PRINCIPAL
ACCOUNTANT FEES AND SERVICES
|
21
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PART
IV
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||
ITEM
15.
|
EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
|
22
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SIGNATURES
|
23
|
2
FORWARD
LOOKING STATEMENTS
Forward-Looking
Statements
This
Annual Report on Form 10-K (the “Report”), including ”Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in Item 7
contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding future events and the future results of
Remuda Investment Corporation and its consolidated subsidiaries (the “Company”)
that are based on management’s current expectations, estimates, projections and
assumptions about the Company’s business. Words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “sees,” “estimates” and
variations of such words and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements due to
numerous factors, including, but not limited to, those discussed in the “Risk
Factors” section in Item 1A, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in Item 7 and elsewhere in
this Report as well as those discussed from time to time in the Company’s other
Securities and Exchange Commission filings and reports. In addition, such
statements could be affected by general industry and market conditions. Such
forward-looking statements speak only as of the date of this Report or, in the
case of any document incorporated by reference, the date of that document, and
we do not undertake any obligation to update any forward-looking statement to
reflect events or circumstances after the date of this Report. If we update or
correct one or more forward-looking statements, investors and others should not
conclude that we will make additional updates or corrections with respect to
other forward-looking statements.
PART
I
ITEM
1.
|
BUSINESS.
|
Background
Remuda
Investment Corporation (formerly, Accelerated Acquisitions II, Inc.) (“the
Company”) was incorporated in the state of Delaware on February 15, 2008 for the
purpose of raising capital that is intended to be used in connection with its
business plan which may include a possible merger, acquisition or other business
combination with an operating business. On August 14, 2009, the Company changed
its name to Remuda Investment Corporation. On September 1, 2009, the
Company determined to change its business plan. The Company now
intends to invest in mortgage loans throughout the United States. The Company
also intends to purchase performing, sub-performing and non-performing
commercial and residential mortgages at discounts from face value, but there is
no guarantee that it may be able to do so. The Company’s then intends to
liquidate the mortgages.
The
Company is currently in the development stage and has not commenced operations.
All activities of the Company to date relate to its organization, initial
funding and share issuances.
Employees
As of
December 31, 2009, the Company had no employees.
Item 1A. Risk Factors.
As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.
Item
1B. Unresolved Staff Comments.
As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.
3
Item
2. Description of Property.
The
Company neither rents nor owns any properties. The Company utilizes the office
space and equipment of its management at no cost. Management estimates such
amounts to be immaterial. The Company currently has no policy with
respect to investments or interests in real estate, real estate mortgages or
securities of, or interests in, persons primarily engaged in real estate
activities.
Item
3. Legal Proceedings.
To the
best knowledge of our officers and directors, the Company is not a party to any
legal proceeding or litigation.
Item
4. Submission of Matters to a Vote of Security Holders.
None.
PART
II
Item
5. Market for Common Equity, Related Stockholder Matters and Small Business
Issuer Purchases of Equity Securities.
Common
Stock
Our
Certificate of Incorporation authorizes the issuance of up to 100,000,000 shares
of common stock, par value $.0001 per share (the “Common Stock”). The
Common Stock is not listed on a publicly-traded market. As of March
30, 2010, there were 23,500,000 shares outstanding owned by 3 holders of record
of the Common Stock.
Preferred
Stock
Our
Certificate of Incorporation authorizes the issuance of up to 10,000,000 shares
of preferred stock, par value $.0001 per share (the “Preferred
Stock”). The Company has not yet issued any of its preferred
stock.
Dividend
Policy
The
Company has not declared or paid any cash dividends on its common stock and does
not intend to declare or pay any cash dividend in the foreseeable future. The
payment of dividends, if any, is within the discretion of the Board of Directors
and will depend on the Company’s earnings, if any, its capital requirements and
financial condition and such other factors as the Board of Directors may
consider.
Securities
Authorized for Issuance under Equity Compensation Plans
The
Company does not have any equity compensation plans or any individual
compensation arrangements with respect to its common stock or preferred stock.
The issuance of any of our common or preferred stock is within the discretion of
our Board of Directors, which has the power to issue any or all of our
authorized but unissued shares without stockholder approval.
Recent
Sales of Unregistered Securities
The
Company did not sell any equity securities that were not registered under the
Securities Act during the quarter ended December 31, 2009.
On
February 22, 2008, the Registrant sold 5,000,000 shares of Common Stock to
Accelerated Venture Partners, LLCfor an aggregate investment of
$8,000.00. The Registrant sold these shares of Common Stock under the
exemption from registration provided by Section 4(2) of the Securities
Act.
4
On June
5, 2009, Robert M. Dunn and Ronald C. Redd each agreed to acquire 10,250,000
shares of the Company’s common stock par value $0.0001 (20,500,000 shares in the
aggregate) for a price of $0.0001 per share. At the same time,
Accelerated Venture Partners, LLC agreed to tender 2,000,000 of their 5,000,000
shares of the Company’s common stock par value $0.0001 for
cancellation. Following these transactions, each of Messrs. Dunn and
Rudd owned 43.61% of the Company’s 23,500,000 issued and outstanding shares of
common stock par value $0.0001 and the interest of Accelerated Venture Partners,
LLC was reduced to approximately 12.76% of the total issued and outstanding
shares.
No
securities have been issued for services. Neither the Registrant nor any person
acting on its behalf offered or sold the securities by means of any form of
general solicitation or general advertising. No services were performed by any
purchaser as consideration for the shares issued.
Issuer
Purchases of Equity Securities
None.
Item
6. Selected Financial Data.
As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.
Item
7. Management’s Discussion and Analysis of Financial Condition and
Results of Operation
The
Company intends to invest in mortgage loans throughout the United States. The
Company also intends to purchase performing, sub-performing and non-performing
commercial and residential mortgages at discounts from face value, but there is
no guarantee that it may be able to do so. The Company’s then intends to
liquidate the mortgages.
The
Company is currently in the development stage and has not commenced operations.
All activities of the Company to date relate to its organization, initial
funding and share issuances.
The
Company currently does not engage in any business activities that provide cash
flow. Until the Company commences operations, we anticipate incurring
costs related to:
|
(i)
|
filing
Exchange Act reports, and
|
|
(ii)
|
investigating,
analyzing and consummating various business
opportunities.
|
We
believe we will be able to meet these costs primarily through deferral of fees
by certain service providers and additional amounts, as necessary, to be loaned
to or invested in us by our stockholders, management or other investors. There
is no guarantee that we will be able to access any funding or that the funding
we access will be sufficient in amount to sustain our operations or that such
funds may be accessed on terms which are beneficial to the Company.
Liquidity
and Capital Resources
As of
December 31, 2009, the Company had a total of $0. The Company had
$9,628 current liabilities as of December 31, 2009. The Company can
provide no assurance that it can continue to satisfy its cash requirements for
at least the next twelve months.
The
following is a summary of the Company's cash flows provided by (used in)
operating, investing, and financing activities for the year ended December 31,
2009.
Year Ended
December
31,
2009
|
||||
Net
Cash (Used in) Operating Activities
|
$
|
(3,650)
|
||
Net
Cash (Used in) Investing Activities
|
-
|
|||
Net
Cash Provided by Financing Activities
|
$
|
2,959
|
||
Net
Increase (Decrease) in Cash and Cash Equivalents
|
$
|
(691)
|
5
The
Company has nominal assets and has generated no revenues since inception. The
Company is also dependent upon the receipt of capital investment or other
financing to fund its ongoing operations and to execute its business plan of
seeking a combination with a private operating company. In addition, the Company
is dependent upon certain related parties to provide continued funding and
capital resources. If continued funding and capital resources are unavailable at
reasonable terms, the Company may not be able to implement its plan of
operations.
Results
of Operations
The
Company has not conducted any active operations since inception. No revenue
has been generated by the Company from February 15, 2008 (Inception) to December
31, 2009. It is unlikely the Company will have any revenues until it
commences operations, the date of such commencement at this time being
uncertain. There is no guarantee that the Company will ever commence
operations. It is management's assertion that these circumstances may
hinder the Company's ability to continue as a going concern. The Company’s
plan of operation for the next twelve months shall be to continue its efforts to
commence operations consistent with its business plan.
For the
fiscal year ended December 31, 2009, the Company had a net loss of $6,792,
consisting of legal, accounting, audit, filing and other professional service
fees incurred in relation to the filing of the Company’s required reports with
the U.S. Securities and Exchange Commission.
Off-Balance
Sheet Arrangements
The
Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company’s financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to investors.
Seasonality
Our
operating results are not affected by seasonality.
Inflation
Our
business and operating results are not affected in any material way by
inflation.
Critical
Accounting Policies
The
Securities and Exchange Commission issued Financial Reporting Release No. 60,
"Cautionary Advice Regarding Disclosure About Critical Accounting Policies"
suggesting that companies provide additional disclosure and commentary on their
most critical accounting policies. In Financial Reporting Release No.
60, the Securities and Exchange Commission has defined the most critical
accounting policies as the ones that are most important to the portrayal of a
company's financial condition and operating results, and require management to
make its most difficult and subjective judgments, often as a result of the need
to make estimates of matters that are inherently uncertain. The
nature of our business generally does not call for the preparation or use of
estimates. Due to the fact that the Company does not have any
operating business, we do not believe that we do not have any such critical
accounting policies.
Contractual
Obligations
As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.
6
Item
7A. Quantitative and Qualitative Disclosures about Market
Risk.
As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.
Item
8. Financial Statements and Supplementary Data.
Audited
financial statements begin on the following page of this
report.
7
Report
of Independent Registered Public Accounting Firm
Board of
Directors and Stockholders
We have
audited the accompanying balance sheets of Remuda Investment Corporation
(formerly known as Accelerated Acquisitions II, Inc.) (a development stage
company) as of December 31, 2009 and December 31, 2008 and the related
statements of operations, stockholder's deficiency and cash flows for the year
ended December 31, 2009, the period from inception (February 15, 2008) to
December 31, 2008 and the period from inception (February 15, 2008) to December
31, 2009. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audits included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as,
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of (a development stage
company) as of December 31, 2009 and December 31, 2008 and the results of its
operations and its cash flows for the year ended December 31, 2009, the period
from inception (February 15, 2008) to December 31, 2008 and the period from
inception (February 15, 2008) to December 31, 2009 in conformity with accounting
principles generally accepted in the United States of America.
The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note 1 to the financial
statements, the Company has incurred a loss since inception, has a net
accumulated deficit and may be unable to raise further equity.These factors
raise substantial doubt about its ability to continue as a going concern.
Management’s plans regarding those matters are also described in Note 1. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.
/s/
Paritz & Co, PA
Hackensack,
New Jersey
March 30,
2010
8
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
BALANCE
SHEETS
December
31
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
|
(audited)
|
(audited)
|
||||||
ASSETS
|
||||||||
CURRENT
ASSETS:
|
||||||||
Cash
|
$ | - | $ | 691 | ||||
TOTAL
ASSETS
|
$ | - | $ | 691 | ||||
LIABILITIES
AND STOCKHOLDER’S DEFICIT
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Accrued
expenses
|
$ | 6,669 | $ | 3,527 | ||||
Shareholder
advances
|
2,959 | - | ||||||
TOTAL
LIABILITIES
|
$ | 9,628 | $ | 3,527 | ||||
STOCKHOLDER’S
EQUITY:
|
||||||||
Preferred
stock, $.0001 par value; 10,000,000 shares authorized; none issued and
outstanding
|
- | - | ||||||
Common
stock, $.0001 par value; 100,000,000 shares authorized;
23,500,000 and 5,000,000 shares issued and outstanding at
December 31, 2009 and December 31, 2008, respectively
|
2,350 | 500 | ||||||
Additional
paid-in capital
|
7,700 | 7,500 | ||||||
Deficit
accumulated during the development stage
|
(17,628 | ) | (10,836 | ) | ||||
(7,578 | ) | (2,836 | ) | |||||
Stock
subscription receivable
|
(2,050 | ) | - | |||||
TOTAL
STOCKHOLDER’S DEFICIT
|
(9,628 | ) | (2,836 | ) | ||||
TOTAL
LIABILITIES AND STOCKHOLDER’S DEFICIT
|
$ | - | $ | 691 |
See
accompanying notes to financial statements.
9
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
(A
Development Stage Company)
Statements
of Operations
Fiscal Year
Ended
December
31,
2009
|
Fiscal Year
Ended
December 31,
2008 (*)
|
Feb 15, 2008
(Inception)
through
December 31,
2009
|
||||||||||
Revenues
|
$ | - | $ | - | $ | - | ||||||
Operating
Expenses
|
||||||||||||
General
and administrative
|
6,792 | 10,836 | 17,178 | |||||||||
Net
Operating Expenses
|
6,792 | 10,836 | 17,178 | |||||||||
Net
Loss
|
$ | (6,792 | ) | $ | (10,836 | ) | $ | (17,178 | ) | |||
Basic
earnings (loss) per share—Basic and Diluted
|
$ | (0.00 | ) | $ | (0.00 | ) | ||||||
Weighted
average number of common shares outstanding
|
15,643,836 | 5,000,000 |
(*) Partial
year from February 15, 2008 (Date of Inception) to December 31,
2008
see
accompanying notes to financial statements.
10
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
(A
Development Stage Company)
STATEMENTS OF STOCKHOLDER’S
DEFICIENCY
|
Preferred Stock
|
Common Stock
|
Additional
Paid-in
|
(Deficit)
Accumulated
During the
Development
|
Stockholder’s
|
|||||||||||||||||||||||
|
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Stage
|
Deficit
|
|||||||||||||||||||||
BALANCE
AT INCEPTION
(FEBRUARY
15,
2008)
|
-
|
$
|
-
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||
Issuance
of common stock
|
-
|
-
|
5,000,000
|
500
|
7,500
|
-
|
8,000
|
|||||||||||||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
|
(10,836
|
)
|
(10,836
|
)
|
|||||||||||||||||||
BALANCE
AT DECEMBER 31, 2008
|
-
|
$
|
-
|
5,000,000
|
$
|
500
|
$
|
7,500
|
$
|
(10,836
|
)
|
$
|
(2,836
|
)
|
||||||||||||||
Issuance
of common stock
|
-
|
-
|
20,500,000
|
2,050
|
-
|
-
|
2,050
|
|||||||||||||||||||||
Cancellation
of common stock
|
-
|
-
|
(2,000,000
|
)
|
(200
|
)
|
200
|
-
|
-
|
|||||||||||||||||||
Stock
subscription receivable
|
-
|
-
|
-
|
-
|
-
|
-
|
(2,050
|
)
|
||||||||||||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
|
(6,792
|
)
|
(6,792
|
)
|
|||||||||||||||||||
BALANCE
AT DECEMBER 31, 2009
|
-
|
$
|
-
|
23,500,000
|
$
|
2,350
|
$
|
7,500
|
$
|
(17,628
|
)
|
$
|
(9,628
|
)
|
See
accompanying notes to financial statements.
11
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
STATEMENTS OF CASH
FLOWS
For the Fiscal
Year ended
December 31,
2009
|
For the
Fiscal year
ended
December
31, 2008 (*)
|
For the
Cumulative
Period from
Inception
(February
15, 2008)
through
December
31,
2009
|
||||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||||
Net
(loss)
|
$ | (6,792 | ) | (10,836 | ) | $ | (17,628 | ) | ||||
Increase
in accounts payable
|
3,142 | 3,527 | 6,669 | |||||||||
Net
cash used by operating activities
|
(3,650 | ) | (7,309 | ) | (10,959 | ) | ||||||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||||
Proceeds
from the issuance of common stock
|
2,050 | 8,000 | 10,050 | |||||||||
Cancellation
of common stock
|
(200 | ) | - | (200 | ) | |||||||
Additional
paid-in capital
|
200 | - | 200 | |||||||||
Stock
subscription receivable
|
(2,050 | ) | - | (2,050 | ) | |||||||
Shareholder
Advances
|
2,959 | - | 2,959 | |||||||||
Net
cash provided by financing activities
|
2,959 | 8,000 | 10,959 | |||||||||
NET
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
|
(691 | ) | 691 | - | ||||||||
Cash
and cash equivalents at beginning of period
|
691 | - | - | |||||||||
CASH
AND CASH EQUIVALENTS AT END OF PERIOD
|
$ | - | 691 | $ | - |
(*) Partial
year from February 15, 2008 (Date of Inception) to December 31,
2008
See
accompanying notes to financial statements.
12
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
NOTES TO FINANCIAL
STATEMENTS
DECEMBER 31,
2009
NOTE 1
- ORGANIZATION AND
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
(a) Organization
and Business:
Accelerated
Acquisitions II, Inc. (“the Company”) was incorporated in the state of Delaware
on February 15, 2008 for the purpose of raising capital that is intended to be
used in connection with its business plan which may include a possible merger,
acquisition or other business combination with an operating business. On August
14, 2009, the Company changed its name to Remuda Investment
Corporation. On September 1, 2009, the Company determined to change
its business plan. The Company now intends to invest in
mortgage loans throughout the United States. The Company also intends to
purchase performing, sub-performing and non-performing commercial and
residential mortgages at discounts from face value, but there is no guarantee
that it may be able to do so. The Company’s then intends to liquidate the
mortgages.
The
Company is currently in the development stage. All activities of the Company to
date relate to its organization, initial funding and share
issuances.
(b) Basis
of Presentation
The
accompanying Interim Financial Statements are unaudited and have been prepared
in accordance with accounting principles generally accepted for interim
financial statement presentation and in accordance with the instructions to
Regulations S-K. Accordingly, they do not include all of the
information and footnotes required by accounting principles generally accepted
in the United States for complete financial statement presentation. In the
opinion of management, all adjustments for a fair statement of the results and
operations and financial position for the interim periods presented have been
included. All such adjustments are of a normal recurring nature. The
financial information should be read in conjunction with the Financial
Statements and notes thereto included in the Company’s Form 10-K Annual Report
for the year ended December 31, 2009 and the Company’s Registration Statement on
Form 10.
(c) Going
Concern
The
accompanying financial statements have been prepared on a going concern basis,
which assumes the Company will realize its assets and discharge its liabilities
in the normal course of business. As reflected in the accompanying financial
statements, the Company has a deficit accumulated during the development stage
of $17,628, used cash from operations of $10,959 since its inception, and has
negative working capital of $9,628 at December 31, 2009. The Company’s ability
to continue as a going concern is dependent upon its ability to generate future
profitable operations and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business operations
when they come due. The Company’s ability to continue as a going concern is also
dependent on its ability to find a suitable target company and enter into a
possible reverse merger with such company. Management’s plan includes obtaining
additional funds by equity financing through a reverse merger transaction and/or
related party advances, however there is no assurance of additional funding
being available. These conditions raise substantial doubt about the Company’s
ability to continue as a going concern. The accompanying financial statements do
not include any adjustments that might arise as a result of this
uncertainty.
13
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
NOTES TO FINANCIAL
STATEMENTS
DECEMBER 31,
2009
NOTE 1
- ORGANIZATION
AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
(d) Use
of Estimates
The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the balance sheet and
reported amounts
of revenues and expenses during the reporting period. Actual results could
differ from those estimates.
(e) Cash
and Cash Equivalents:
For
purposes of the statement of cash flows, the Company considers highly liquid
financial instruments purchased with a maturity of three months or less to be
cash equivalents. The Company had no cash equivalents at December 31,
2009
(f) Income
Taxes:
The
Company utilizes the liability method of accounting for income taxes. Under the
liability method deferred tax assets and liabilities are determined based on the
differences between financial reporting basis and the tax basis of the assets
and liabilities and are measured using enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recognized, when it is more likely than not, that such
tax benefits will not be realized.
(g) Loss
per Common Share:
Basic
loss per share is calculated using the weighted-average number of common shares
outstanding during each reporting period. Diluted loss per share includes
potentially dilutive securities such as outstanding options and warrants, using
various methods such as the treasury stock or modified treasury stock method in
the determination of dilutive shares outstanding during each reporting period.
The Company does not have any potentially dilutive instruments for this
reporting period.
(h) Fair Value of
Financial Instruments:
The
carrying value of cash equivalents approximates fair value due to the short
period of time to maturity.
NOTE 2 - CAPITAL
STOCK:
The total
number of shares of capital stock which the Company has authority to issue is
one hundred ten million (110,000,000). These shares are divided into two classes
with 100,000,000 shares designated as common stock at $.0001 par value (the
“Common Stock”) and 10,000,000 shares designated as preferred stock at $.0001
par value (the “Preferred Stock”). The Preferred stock of the Company shall be
issued by the Board of Directors of the Company in one or more classes or one or
more series within any class and such classes or series shall have such voting
powers, full or limited, or no voting powers, and such designations,
preferences, limitations or restrictions as the Board of Directors of the
Company may determine, from time to time.
14
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
NOTES TO FINANCIAL
STATEMENTS
DECEMBER 31, 2009,
2009
NOTE 2
- CAPITAL STOCK
(Continued):
Holders
of shares of Common stock shall be entitled to cast one vote for each share held
at all stockholders’ meetings for all purposes, including the election of
directors. The Common Stock does not have cumulative voting
rights. No holder of shares of stock of any class shall be entitled
as a matter of right to subscribe for or purchase or receive any part of any new
or additional issue of shares of stock of any class, or of securities
convertible into shares of stock of any class, whether now hereafter authorized
or whether issued for money, for consideration other than money, or by way of
dividend.
On
February 15, 2008, the Company issued 5,000,000 shares of Common stock at a
purchase price of $.0016 per share, for an aggregate purchase price of
$8,000.00.
On June
5, 2009, Robert M. Dunn and Ronald C. Red each agreed to acquire 10,250,000
shares of the Company’s common stock (20,500,000 shares in the aggregate) for a
price of $0.0001 per share. At the same time, Accelerated Venture
Partners, LLC agreed to tender 2,000,000 of its 5,000,000 shares of the
Company’s common stock for cancellation.
NOTE 3 -
RECENT ACCOUNTING
PRONOUNCEMENTS:
Recently
issued accounting pronouncements
FASB
Accounting Standards Codification
(Accounting
Standards Update (“ASU”) 2009-01)
In
June 2009, FASB approved the FASB Accounting Standards Codification (“the
Codification”) as the single source of authoritative nongovernmental GAAP. All
existing accounting standard documents, such as FASB, American Institute of Certified
Public Accountants, Emerging Issues Task Force and other related literature,
excluding guidance from the SEC, have been superseded by the Codification. All
other non-grandfathered, non-SEC accounting literature not included in the
Codification has become nonauthoritative. The Codification did not change GAAP,
but instead introduced a new structure that combines all authoritative standards
into a comprehensive, topically organized online database. The Codification is
effective for interim or annual periods ending after September 15,
2009, and impacts the Company’s financial statements as all future references to
authoritative accounting literature will be referenced in accordance with the
Codification. There have been no changes to the content of the Company’s
financial statements or disclosures as a result of implementing the Codification
during the quarter ended September 30,
2009.
As a result of the
Company’s implementation of the Codification during the year ended
December 31, 2009, previous references to new accounting standards and
literature are no longer applicable. In the current quarter financial
statements, the Company will provide reference to both new and old guidance to
assist in understanding the impacts of recently adopted accounting literature,
particularly for guidance adopted since the beginning of the current fiscal year
but prior to the Codification.
15
REMUDA
INVESTMENT CORPORATION
(Formerly
known as ACCELERATED
ACQUISITIONS II, INC.)
A
Development Stage Company
NOTES TO FINANCIAL
STATEMENTS
DECEMBER 31,
2009
NOTE
3 - RECENT
ACCOUNTING PRONOUNCEMENTS (Continued)
Subsequent
Events
(Included
in ASC 855 “Subsequent Events”, previously SFAS No. 165 “Subsequent
Events”)
ASC 855 established
general standards of accounting for and disclosure of events that occur
after the balance sheet date, but before the financial statements are issued or
available to be issued (“subsequent events”). An entity is required to disclose
the date through which subsequent events have been evaluated and the
basis for that date. For public entities, this is the date the financial
statements are issued. ASC 855 does not apply to subsequent events or
transactions that are within the scope of other GAAP and did not result in
significant changes in the subsequent events reported by the Company. ASC
855 became effective for interim or annual periods ending after June 15,
2009 and did not impact the Company’s consolidated financial statements. The
Company evaluated for subsequent events through March 15,
2010, the issuance date of the Company’s financial statements.
16
ITEM
9.
|
CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL
DISCLOSURE
|
None.
ITEM
9A(T).
|
CONTROLS
AND PROCEDURES.
|
Evaluation
of Disclosure Controls and Procedures
The
Company’s Chief Executive Officer and Chief Financial Officer performed an
evaluation of the Company’s disclosure controls and procedures. Disclosure
controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed by an issuer in the
reports that it files or submits under the Securities Exchange Act of 1934 is
accumulated and communicated to the issuer’s management, including its Chief
Executive Officer and Chief Financial Officer, as appropriate to allow timely
decisions regarding required disclosure. Based on this evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that the Company’s
disclosure controls and procedures are effective as of December 31,
2009.
Management’s
Annual Report on Internal Control over Financial Reporting
REMUDA
INVESTMENT CORPORATION
REPORT
OF MANAGEMENT
Management
prepared, and is responsible for, the financial statements and the other
information appearing in this annual report. The financial statements present
fairly the Company’s financial position, results of operations and cash flows in
conformity with U.S. generally accepted accounting principles. In preparing its
financial statements, the Company includes amounts that are based on estimates
and judgments that Management believes are reasonable under the circumstances.
The Company’s financial statements have been audited by Paritz & Co, PA, an
independent registered public accounting firm appointed by the Company’s Board
of Directors. Management has made available to Paritz & Co., PA all of the
Company’s financial records and related data, as well as the minutes of the
stockholders’ and Directors’ meetings.
MANAGEMENT’S
ASSESSMENT OF INTERNAL CONTROL OVER FINANCIAL REPORTING
Management
is responsible for establishing and maintaining adequate internal control over
financial reporting. The Company’s internal control system was designed to
provide reasonable assurance to the Company’s Management and Directors regarding
the preparation and fair presentation of published financial
statements.
Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
Management
assessed the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2009. This assessment was based on criteria
established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Based on our assessment, we
believe that as of December 31, 2009, the Company’s internal control over
financial reporting is effective based on those criteria.
This
annual report does not include an attestation report of the company's registered
public accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by the company's registered
public accounting firm pursuant to temporary rules of the Securities and
Exchange Commission that permit the company to provide only management's report
in this annual report.
17
/S/ Robert M.
Dunn
|
|
Robert
M. Dunn
|
|
Chief
Executive Officer
|
Changes
in Internal Control over Financial Reporting
There
were no changes in the Company’s internal controls over financial reporting
during the fiscal year ended December 31, 2009 that materially affected, or are
reasonably likely to materially affect, the Company’s internal control over
financial reporting.
ITEM
9B. OTHER INFORMATION
None
PART
III.
ITEM
10. DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Set forth
below is the name of our sole director and executive officer, his age, all
positions and offices that he held with us, the period during which he has
served as such, and his business experience during at least the last five
years.
Name
|
Age
|
Position
|
||
Robert
M. Dunn
|
58
|
Director,
President and Secretary
|
||
Ronald
C. Redd
|
67
|
Director,
Treasurer
|
Robert M.
Dunn became President, Secretary and a director of the Company in June
2009. He is Chief Executive Officer of Remuda Investment
Corporation. Prior to Remuda, Mr. Dunn was President of Oxford
Funding Corporation, a mortgage acquisition/resolution company; and for thirteen
years was the President of San Felipe Companies, a commercial real estate
brokerage and mortgage lending company. In addition, San Felipe also engaged in
the sale of mortgage portfolios, as well as individual promissory notes
typically secured by real estate. Prior to that he was a Senior Vice President
of Oxford Funding Corporation where his responsibilities included sales
activities for this secondary mortgage market. During twenty-one months with the
company, Mr. Dunn participated in approximately $750 million in transactions and
managed an in-house sales staff of up to twelve full-time sales professionals.
He was licensed as a Certified Public Accountant in 1976, obtained his real
estate broker’s license by the Texas Real Estate Commission in 1989 and his
Mortgage Broker’s license by the Texas Savings and Loan Department in the year
2000. Mr. Dunn received his BBA in Finance from the University of Texas at
Austin and his MS in Accountancy from the University of Houston.
Ronald C.
Redd became Treasurer and a director of the Company in June
2009. He is Chief Financial Officer of Remuda Investment
Corporation. Prior to Remuda, Mr. Redd was CEO of Oxford Funding
Corporation, a mortgage acquisition/resolution company; and for eleven years was
the principal and President of Huntington Financial Corporation. The company
originated both commercial and residential mortgage loans and was engaged in the
sale of mortgage portfolios and individual promissory notes secured by real
estate; real estate development; new construction and rehabilitation of
primarily single family homes purchased at a discount. Prior to that he was a
Senior Vice President of Oxford Funding Corporation and had the responsibility
for this secondary mortgage marketing company's portfolio acquisitions. Mr. Redd
was promoted to President in January 1992. During his two years with
the company, the firm purchased and marketed approximately $750 million in
various loan portfolios. Mr. Redd was specifically charged with due diligence,
formulating bid prices and closings. Mr. Redd has received his Real Estate
Brokers License from the Texas Real Estate Commission and his Mortgage Brokers
License from the Texas Savings and Loan Department. Mr. Redd has a BS in
Business Administration and Economics from Stephen F. Austin State
University.
18
Messrs.
Dunn and Redd devote less than 25% of their business time to the affairs of the
Company. The time Messrs. Dunn and Redd spend on the business affairs
of the Company varies from week to week and is based upon the needs and
requirements of the Company.
Audit
Committee and Audit Committee Financial Expert
We do not
currently have an audit committee financial expert, nor do we have an audit
committee. Our entire board of directors, which currently consists of
Messrs. Dunn and Redd, handles the functions that would otherwise be handled by
an audit committee. We do not currently have the capital resources to
pay director fees to a qualified independent expert who would be willing to
serve on our board and who would be willing to act as an audit committee
financial expert. As our business expands and as we appoint others to
our board of directors we expect that we will seek a qualified independent
expert to become a member of our board of directors. Before retaining
any such expert our board would make a determination as to whether such person
is independent.
Section
16(a) Beneficial Ownership Reporting Compliance.
Section
16(a) of the Securities Act of 1934 requires the Company's officers and
directors, and greater than 10% stockholders, to file reports of ownership and
changes in ownership of its securities with the Securities and Exchange
Commission. Copies of the reports are required by SEC regulation to be furnished
to the Company. Based on management's review of these reports during the fiscal
year ended December 31, 2009, all reports required to be filed were filed on a
timely basis.
Code
of Ethics
Our board
of directors has adopted a code of ethics that our officers, directors and any
person who may perform similar functions is subject to. Currently
Messrs. Dunn and Redd are our only officers and directors, therefore, they
are the only persons subject to the Code of Ethics. If we retain
additional officers in the future, they would become subject to the Code of
Ethics. The Code of Ethics does not indicate the consequences of a
breach of the code. If there is a breach, the board of directors
would review the facts and circumstances surrounding the breach and take action
that it deems appropriate, which action may include dismissal of the employee
who breached the code. Currently, since Messrs. Dunn and Redd serve
as the only directors and officers, They are responsible for reviewing their own
conduct under the Code of Ethics and determining what action to take in the
event of his own breach of the Code of Ethics.
ITEM
11. EXECUTIVE COMPENSATION.
No past
officer or director of the Company has received any compensation and none is due
or payable. Our only officers and directors, Messrs. Dunn and Redd,
do not receive any compensation for the services they render to the Company,
have not received compensation in the past, and are not accruing any
compensation pursuant to any agreement with the Company. We currently
have no formal written salary arrangement with either of our officers. Messrs.
Dunn and Redd may receive a salary or other compensation for services that they
provide to the Company in the future. No retirement, pension, profit
sharing, stock option or insurance programs or other similar programs have been
adopted by the Company for the benefit of the Company’s employees.
ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
AND RELATED STOCKHOLDER MATTERS
The
following table sets forth certain information regarding beneficial stock
ownership as of December 31, 2009 of (i) all persons known to us to be
beneficial owners of more than 5% of our outstanding common stock; (ii) each
director of our company and our executive officers, and (iii) all of our
officers and directors as a group. Each of the persons in the table below
has sole voting power and sole dispositive power as to all of the shares shown
as beneficially owned by them, except as otherwise indicated.
19
Name
|
Number of
Shares
Beneficially
Owned(1)
|
Percent of
Outstanding
Shares(1)
|
||||||
Accelerated
Venture Partners, LLC
|
3,000,000 | 12.76 | % | |||||
1840
Gateway Drive, Suite 200
|
||||||||
Foster
City, CA 94404
|
||||||||
Robert
M. Dunn
|
10,250,000 | 43.62 | % | |||||
1330
Post Oak Blvd., Suite 1600
Houston,
TX 77056
|
||||||||
Ronald
C. Redd
|
10,250,000 | 43.62 | % | |||||
1330
Post Oak Blvd., Suite 1600
Houston,
TX 77056
|
||||||||
Officers
and directors as a group (two persons)
|
20,500,000 | 82.23 | % |
(1)
|
For
the purposes of this table, a person is deemed to have “beneficial
ownership” of any shares of capital stock that such person has the right
to acquire within 60 days of December 31, 2009. All percentages for
common stock are calculated based upon a total of 23,500,000 shares
outstanding as of December 31, 2009, plus, in the case of the person for
whom the calculation is made, that number of shares of common stock that
such person has the right to acquire within 60 days of December 31,
2009.
|
ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE
Certain
Relationships and Related Rransactions
At
December 31, 2009, certain shareholders of the Company had made advances to the
Company in the aggregate amount of $2,959, which represents amounts loaned to
the Company to pay the Company's operating expenses.
Director
Independence
As of
June 5, 2009, Messrs. Dunn and Redd became the only directors of the Company.
Messrs. Dunn and Redd are not considered "independent" in accordance with
rule 4200(a)(15) of the NASDAQ Marketplace Rules. We are currently traded on the
Over-the-Counter Bulletin Board. The Over-the-Counter Bulletin Board does not
require that a majority of the board be independent.
ITEM
13. EXHIBITS
Exhibit
|
||
Number
|
Description
|
|
31.1.
|
Certification
of the Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
31.2.
|
Certification
of the Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
32.1
|
Certification
of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
20
32.2
|
Certification
of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
AUDIT
FEES
The
aggregate fees billed by our auditors, Paritz & Co., PA, for professional
services rendered for the audit of our annual financial statements for fiscal
year ended December 31, 2009 and review of our interim financial statements for
the first, second and third quarters of 2009 was approximately $4,500. The
aggregate fees billed by our auditors for professional services rendered for the
audit of our annual financial statements for fiscal year ended December 31,
2008 and review of our interim financial statements for the first, second
and third quarters of 2008 was approximately $4,500.
AUDIT-RELATED
FEES
During
the last two fiscal years, no fees were billed or incurred for assurance or
related services by our auditors that were reasonably related to the audit or
review of financial statements reported above.
TAX
FEES
There
were no tax preparation fees billed for the fiscal years ender December 31, 2009
or 2008.
ALL OTHER
FEES
During
the last two fiscal years, no other fees were billed or incurred for services by
our auditors other than the fees noted above. Our board, acting as an audit
committee, deemed the fees charged to be compatible with maintenance of the
independence of our auditors.
THE BOARD
OF DIRECTORS PRE-APPROVAL POLICIES
We do not
have a separate audit committee. Our full board of directors performs the
functions of an audit committee. Before an independent auditor is engaged by us
to render audit or non-audit services, our board of directors pre-approves the
engagement. Board of directors pre-approval of audit and non-audit services will
not be required if the engagement for the services is entered into pursuant to
pre-approval policies and procedures established by our board of directors
regarding our engagement of the independent auditor, provided the policies and
procedures are detailed as to the particular service, our board of directors is
informed of each service provided, and such policies and procedures do not
include delegation of our board of directors' responsibilities under the
Exchange Act to our management. Our board of directors may delegate to one or
more designated members of our board of directors the authority to grant
pre-approvals, provided such approvals are presented to the board of directors
at a subsequent meeting. If our board of directors elects to establish
pre-approval policies and procedures regarding non-audit services, the board of
directors must be informed of each non-audit service provided by the independent
auditor. Board of directors pre-approval of non-audit services, other than
review and attest services, also will not be required if such services fall
within available exceptions established by the SEC. For the fiscal year ended
December 31, 2009, 100% of audit-related services, tax services and other
services performed by our independent auditors were pre-approved by our board of
directors.
Our board
has considered whether the services described above under the caption "All Other
Fees", which are currently none, is compatible with maintaining the auditor's
independence.
The board
approved all fees described above.
21
PART
IV
ITEM
15. EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
The
following documents are filed as part of this 10-K:
1.
FINANCIAL STATEMENTS
The
following documents are filed in Part II, Item 8 of this annual report
on Form 10-K:
|
·
|
Report
of Paritz & Co., PA, Independent Registered Certified Public
Accounting Firm
|
|
·
|
Balance
Sheets as of December 31, 2009 and
2008
|
|
·
|
Statements
of Operations for the years ended December 31, 2009 and 2008 and the
period from inception (February 15, 2008) to December 31, 2009
(audited)
|
|
·
|
Statements
of Stockholders’ Deficit from inception (February 15, 2008) to
December 31, 2009 (audited)
|
|
·
|
Statement
of Cash Flows for the years ended December 31, 2009 and 2008 and the
period from inception (February 15, 2008) to December 31, 2009
(audited)
|
|
·
|
Notes
to Financial Statements (audited)
|
2.
FINANCIAL STATEMENT SCHEDULES
All
financial statement schedules have been omitted as they are not required, not
applicable, or the required information is otherwise included.
3.
EXHIBITS
The
exhibits listed below are filed as part of or incorporated by reference in this
report.
Exhibit No.
|
Identification of
Exhibit
|
|
31.1.
|
Certification
of the Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
31.2.
|
Certification
of the Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
32.1
|
Certification
of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
|
32.2
|
Certification
of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
22
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Remuda Investment
Corporation
|
|
(Registrant)
|
|
By
|
|
/s/ Robert M. Dunn
|
|
Robert
M. Dunn
|
|
President, Chief
Executive Officer,Principal Executive Officer and
Director
|
|
Date
|
|
March
30, 2010
|
|
By
|
|
/s/ Ronald C. Redd
|
|
Ronald
C. Redd
|
|
Treasurer, Chief
Financial Officer,Principal Financial Officer and
Director
|
|
Date
|
|
March
30, 2010
|
Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following person on behalf of the registrant and in the
capacity and on the date indicated.
By
|
|
/s/ Robert M. Dunn
|
|
Robert
M. Dunn
|
|
President, Chief
Executive Officer,Principal Executive Officer and
Director
|
|
Date
|
|
March
30, 2010
|
|
By
|
|
/s/ Ronald C. Redd
|
|
Ronald
C. Redd
|
|
Treasurer, Chief
Financial Officer,Principal Financial Officer and
Director
|
|
Date
|
|
March
30, 2010
|
23